πŸ“’ The January 2025 real estate data is in!

Here are the key takeaways for buyers and sellers:
βœ… Inventory Surge: Listings increased by over 26% year-over-year, giving buyers more options.
βœ… Price Trends: Average price per square foot rose by 0.9% year-over-year but surged 10.3% month-over-month.
βœ… Negotiation Opportunities: Days on market climbed 38%, providing buyers with leverage while pushing sellers to price competitively.
βœ… Pending Sales Dip: Down 6.5% month-over-month, signaling potential buyer hesitation.

πŸ’‘ What does this mean for you?

  • Buyers: Take advantage of expanded inventory and longer days on market to negotiate better deals.

  • Sellers: Focus on competitive pricing and high-impact marketing to stand out in a crowded market.

πŸ“ž Call Mike Renick at 941-400-8735 to develop a personalized strategy for your real estate goals.
🌐 See this episode and past ones at www.teamrenick.com/podcast.

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